Schedule a Call Back
Gujarat inks $1.5 bn green hydrogen deals with Torrent Power, Erisha eMobility
Industry News- Jan 08,24
Torrent Power has committed to constructing a green ammonia facility valued at 72 billion rupees as part of its broader initiative to invest 470 billion rupees in power projects within the state.
On January 5, 2024, the Indian state of Gujarat entered into memoranda of understanding (MoUs) with two companies, Torrent Power and Erisha E Mobility, marking commitments to develop green hydrogen projects with a combined investment of nearly $1.5 billion.
Torrent Power has committed to constructing a green ammonia facility valued at 72 billion rupees ($866 million) as part of its broader initiative to invest 470 billion rupees ($5.7 billion) in power projects within the state. The utility had recently established a green hydrogen subsidiary and participated in India's green hydrogen production subsidies auction, aiming to cover 18,000 tonnes annually. Additionally, Torrent Power initiated a pilot project in July of the previous year to incorporate 2.5% hydrogen by volume into the city gas grid in Gorakhpur, Uttar Pradesh.
Meanwhile, Erisha E Mobility, founded in 2021 by the Rana Group conglomerate, plans to invest $600 million in a green hydrogen plant. The company intends to collaborate with European partners for the plant, although specific details regarding its size and potential offtake remain undisclosed. Erisha E Mobility has also signed MoUs with Gujarat for a $180 million electric vehicle manufacturing facility and allocated $50 million for the installation of 100 charging points.
Source: hydrogeninsight.com
Gujarat
Green Hydrogen Projects
Torrent Power
Erisha E Mobility
Renewable Energy
Ammonia Facility
Electric Vehicle Manufacturing
Rana Group
India
Related Stories
Aerospace Defence
Madhya Pradesh aims to become drone manufacturing hub with new policy
Officials estimate the policy will attract Rs 3.7 billion in investments over the next five years, creating 8,000 jobs (2,200 direct and 6,600 indirect).
Read moreElectrical & Electronics
Elektrolites will be unveiling smart grid solutions in 2025: Anil Saboo
In this interaction, Anil Saboo, CMD, Elektrolites Power Pvt Ltd, explains the trends in the industry and the company's plans for ELECRAMA 2025.
Read moreMaterial Handling Equipment
LAPP India to display smart intralogistics cable & connectivity solutions
Visit our booth in Hall No. 4, Stall No. B54 to learn more about our Intralogistics solutions. visit: LAPP Intralogistics Solutions
Read moreRelated Products
Power Conversion Systems
POWER GENERATION & ENERGY CONSERVATION PRODUCTS
POM Systems & Services Pvt Ltd offers a wide range of
PCS power conversion systems energy storage.
Hot Water Generators
POWER GENERATION & ENERGY CONSERVATION PRODUCTS
Transparent Energy Systems Private Limited offers a wide range of Hot water generators - Aquawarm Superplus.
Scrap Baling Press
POWER GENERATION & ENERGY CONSERVATION PRODUCTS
Fluid Power Machines offers hydraulic scrap baling press. Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
